Monday, August 10, 2020
Home NEWS Public Data Will be Sold on Social Media

Public Data Will be Sold on Social Media

“Public Data Will be Sold on Social Media, The Government Can Change The IT Act”

Social media and tech companies may soon get approval to sell customer data. For this, the government can change the IT Act in the coming days and issue new guidelines. Under the new act, it will be legal right to sell customer data across tech and social media companies like Google, Facebook and Amazon.

New rules will boost competition
According to CNBC’s news, the government is considering the purchase and sale of data, which can help in bringing new schemes to the common man. Other private ones will also be able to use them. However, this is a very early step for the government. The new guidelines will include information like visitor traffic, usage patterns. Companies must share information with the government, non-governmental organizations. However, it will be decided after talks with all the parties. The new rules will promote competition.

The new rules will be going to increase the competition among all the available players. This move is going to bring enormous changes in the IT industry.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Market Optimization Is the Way to Boost Your Late-Career Start-ups

In this time of the global pandemic, the whole world is battling the deadly coronavirus. To stop the spread of this virus, we had...

Agritech startup? Microsoft will Help you Build Solutions, Scale Them with These Unique Offerings

We all know Microsoft as one of the world’s leading technology companies. It currently offers many services and products like computer software, electronics, computers,...

Meet The 8 Mobility Startups Helping Frontline Workers in The Fight Against Coronavirus

Ever since the Coronavirus or COVID-19 broke out in Wuhan, China, it has spread throughout the world at a very rapid pace. A virus...

The 10 Best Cybersecurity Startups To Watch In 2020

We all must have heard the words like Cybersecurity, computer security numerous times in our daily life. But how many of us paid attention...

Recent Comments